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|Yesterday’s FTSE100 Leaders||Price (p)||% Chg|
|HARGREAVES LANSDOWN PLC||1,911.5||2.1%|
|BT GROUP PLC||195.9||2.0%|
|COMPASS GROUP PLC||1,897.5||2.0%|
|Yesterday’s FTSE100 Laggards||Price (p)||% Chg|
|NMC HEALTH PLC||1257.5||#####|
|BRITISH LAND CO PLC||602.8||-2.6%|
|WM MORRISON SUPERMARKETS||190.8||-2.4%|
|AUTO TRADER GROUP PLC||558.2||-2.1%|
|Major World Indices||Price||% Chg||1 Year|
|FTSE 100 INDEX||7,575||0.0%||10.4%|
|DOW JONES INDUS. AVG||28,745||0.6%||20.8%|
|S&P/ASX 200 INDEX||6,818||-0.1%||18.0%|
|WTI Crude Oil (Nymex)||USD/bbl.||60.05||-4.23%|
|Brent Crude (ICE)||USD/bbl.||65.81||-3.60%|
|Gold Spot||USD/t oz.||1,556||-1.2%|
FTSE 100 called to open +30 points at 7604; Stocks in Asia extended a rally that began in America after the U.S. and Iran appeared to be stepping back from a deeper military conflict. Global investors breathed a sigh of relief FTSE 100 futures drifted higher with S&P 500 contracts. Haven assets including Treasuries and gold rose, signalling some skittishness after several missiles struck the Green Zone in Baghdad. The Dow Jones closed yesterday at 28,745 (+161 points), The S&P closed at 3,253 (+15 points) & the Nasdaq closed at 9,129 (+60 points). In Asia the positive sentiment continued, with the Nikkei closing at 23,739 (+535 points) & the Hang seng completing a green sweep of major indices closed at 28,482 (+394 points). Oil picked up overnight due to missile strike in Baghdad, trading at $66.27 at time of writing. Similar concerns caused gold to pick up $6 from its floor overnight. Trading at $1546 at time of writing.
Dunelm reports higher HY pre-tax profit. Like-for-like sales +5% in Q2, total sales for HY +5.6% with total growth +6%. Expect profit before tax to be approx £83m. FY expectations remain unchanged.
Galliford Try reports that underlying construction business continues to perform well, with a high quality order book of £3.2bn and cash balance of £225m. Results are in line with expectations for FY guidance. They expect performance to be weighted to H2 due to both market uncertainty and settlement of certain claims in H1.
Marks & Spencer reported a slight rise in underlying sales in its Christmas quarter with like-for-like sales +0.2%. Food sales +1.4% ahead of analysts average forecasts of +1.1% increase. Clothing and home sales fell -1.7%, which was below analysts expectations of -0.8% decline. FY guidance is unchanged.
Tesco posted a +0.1% rise in UK like-for-like sales during a ‘subdued’ Christmas for consumer spending. This was against average analyst forecasts of +0.2% rise.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Tesco, Dunelm, Marks & Spencer
Enquest upgraded to Overweight by Barclays (Bloomberg: 1 Buy/ 4 Holds/ 2 Sells)
Tullow Oil Downgraded to Equalweight by Barclays (Bloomberg: 6 Buy/ 13 Holds/ 2 Sells)
Chinese Consumer Price Index
German Industrial Production
Brewin Dolphin Holdings
Paragon Banking Group
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